Memorial Hospital Of South Bend
- Assets
- $567.1m
- Revenue
- $682.3m
- Investments
- $0.0
- Employees
- 3,984
- Location
- South Bend, IN
- Founding
- 12/1944
- Data as of
- 12/2021
- EIN
- 35-0868132
Organization Overview
Memorial Hospital Of South Bend is located in South Bend, IN. The organization was established in 1944. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. As of 12/2021, Memorial Hospital Of South Bend employed 3,984 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Memorial Hospital Of South Bend is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Memorial Hospital Of South Bend generated $682.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $571.3m during the year ending 12/2021. While expenses have increased by 3.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Memorial Hospital Of South Bend has awarded 130 individual grants totaling $13,901,351. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
WE DELIVER OUTSTANDING CARE, INSPIRE HEALTH AND CONNECT WITH HEART.
Describe the Organization's Program Activity:
ANCILLARY SERVICES OFFERS THE FOLLOWING SERVICES FOR PATIENTS AND FACILITIES: - IMAGING SERVICES - OUTPATIENT PHYSICAL, OCCUPATIONAL AND SPEECH THERAPY - INFUSION TREATMENTS - RADIATION ONCOLOGY THERAPY - CANCER RESEARCH - CARDIAC CATH LAB - SLEEP LAB - INTERVENTIONAL RADIOLOGY - ENVIRONMENTAL SERVICES - NUTRITIONAL SERVICES - PHARMACY SERVICES - LABORATORY. 2021 STATISTICS FOR THIS SERVICE UNIT INCLUDE: - 651,623 INPATIENT PROCEDURES - 486,609 OUTPATIENT PROCEDURES - 1,160 INPATIENT CATHS - 1,381 OUTPATIENT CATHS - 1,721 OUTPATIENT VISITS.
PATIENT CARE UNIT SERVICES PROVIDES A WIDE VARIETY OF HOSPITAL SERVICES INCLUDING: - INPATIENT REHABILITATION CARF (COMMISSION ON ACCREDITATION OF REHABILITATION FACILITIES) ACCREDITED - MEDICAL - POST SURGICAL - ORTHOPEDIC - ONCOLOGY - INTENSIVE AND INTERMEDIATE - HEART AND VASCULAR - MOTHER AND CHILD - SPECIAL CARE OBSTETRICS - NEONATAL INTENSIVE CARE LEVEL III - EMERGENCY - TRAUMA LEVEL II - PEDIATRICS - PEDIATRIC INTENSIVE CARE - PEDIATRIC HEMATOLOGY ONCOLOGY - MEDICAL FLIGHT PROGRAM - PEDIATRIC INTENSIVE CARE TRANSPORTS. 2021 STATISTICS FOR THIS SERVICE UNIT INCLUDE: - 98,029 PATIENT DAYS - 11,731 INPATIENT ER VISITS - 58,774 OUTPATIENT ER VISITS - 2,610 BIRTHS - 16,655 OBSERVATION STAYS.
SURGICAL SERVICES PROVIDES THE FOLLOWING SERVICES: - GENERAL SURGERY - VASCULAR SURGERY - CARDIAC SURGERY - ORTHOPEDIC SURGERY - GYNECOLOGICAL SURGERY - TRAUMA SURGERY - GI LABS - PULMONARY SERVICES - PAIN CENTER - DAVINCI ROBOTIC SURGERY. 2021 STATISTICS FOR THIS SERVICE UNIT INCLUDE: - 8,064 INPATIENT PROCEDURES - 413 OPEN HEART PROCEDURES - 17,851 OUTPATIENT PROCEDURES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Larry Tracy President | Officer | 40 | $650,274 |
Dale A Patterson Employed Physician | 40 | $446,924 | |
Kristen Jennings Dir Of Med Residency Program | 40 | $329,250 | |
Matthew R Reed Employed Physician | 40 | $315,537 | |
Marion Mahone Employed Physician | 40 | $315,289 | |
Linda A Mansfield Employed Physician | 40 | $312,586 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Metro Aviation Inc Medical Flights | 12/30/21 | $2,240,290 |
Gibson Lewis Llc Construction Service | 12/30/21 | $2,293,343 |
Pediatrix Medical Group Of Indiana Physician Services | 12/30/21 | $2,078,622 |
South Bend Medical Foundation Lab Services | 12/30/21 | $3,352,948 |
South Bend Emergency Physicians Physician Services | 12/30/21 | $3,894,680 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $715,945 |
| Government grants | $6,631,616 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,347,561 |
| Total Program Service Revenue | $656,274,620 |
| Investment income | $32,328 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $970,909 |
| Net Gain/Loss on Asset Sales | -$61,201 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $682,301,265 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $445,939 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $772,148 |
| Compensation of current officers, directors, key employees. | $772,148 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $196,302,536 |
| Pension plan accruals and contributions | $5,781,908 |
| Other employee benefits | $27,610,099 |
| Payroll taxes | $12,567,801 |
| Fees for services: Management | $1,442,414 |
| Fees for services: Legal | $83,345 |
| Fees for services: Accounting | $292,716 |
| Fees for services: Lobbying | $6,412 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $15,817 |
| Fees for services: Other | $42,696,086 |
| Advertising and promotion | $19,547 |
| Office expenses | $1,357,463 |
| Information technology | $26,441 |
| Royalties | $0 |
| Occupancy | $6,545,002 |
| Travel | $417,916 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $33,231 |
| Interest | $5,444,107 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $28,646,289 |
| Insurance | $3,397,506 |
| All other expenses | $1,789,379 |
| Total functional expenses | $571,302,627 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,526 |
| Savings and temporary cash investments | $16,600,012 |
| Pledges and grants receivable | $706,610 |
| Accounts receivable, net | $134,539,398 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $17,996,119 |
| Prepaid expenses and deferred charges | $2,377,934 |
| Net Land, buildings, and equipment | $352,410,262 |
| Investments—publicly traded securities | $2,895,264 |
| Investments—other securities | $0 |
| Investments—program-related | $284,447 |
| Intangible assets | $1,171,474 |
| Other assets | $38,069,070 |
| Total assets | $567,070,116 |
| Accounts payable and accrued expenses | $58,465,468 |
| Grants payable | $0 |
| Deferred revenue | $19,485 |
| Tax-exempt bond liabilities | $131,029,097 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $64,413,782 |
| Total liabilities | $253,927,832 |
| Net assets without donor restrictions | $303,747,363 |
| Net assets with donor restrictions | $9,394,921 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $567,070,116 |
Grants Awarded
Over the last fiscal year, Memorial Hospital Of South Bend has awarded $427,518 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
South Bend, IN PURPOSE: Corporate Sponsor | $125,000 |
South Bend, IN PURPOSE: General Support | $41,518 |
South Bend, IN PURPOSE: General Support | $27,500 |
South Bend, IN PURPOSE: project sponsor | $25,000 |
South Bend, IN PURPOSE: General Support | $20,000 |
Notre Dame, IN PURPOSE: PROGRAM SPONSOR | $20,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Memorial Hospital Of South Bend has recieved totaling $722,195.
| Awarding Organization | Amount |
|---|---|
Beacon Health Foundation Inc South Bend, IN PURPOSE: To support hospital operations and capital purchases | $715,945 |
Alliance Nctn Foundation Chicago, IL PURPOSE: INSTITUTIONAL SUPPORT FOR CANCER RESEARCH | $6,250 |
Endowment Analysis
| Beg. Balance | $37,554,313 |
| Earnings | $3,841,751 |
| Net Contributions | $3,126,708 |
| Grants | $1,536,648 |
| Ending Balance | $42,986,124 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
St Lukes Hospital Of Kansas City Kansas City, MO | $1,771,100,748 | $1,070,641,998 |
Saint Thomas West Hospital St Louis, MO | $949,679,305 | $1,081,181,844 |
Mercy Hospital Springfield Springfield, MO | $547,925,906 | $1,115,699,805 |
Deaconess Hospital Inc Evansville, IN | $1,921,220,397 | $1,102,144,618 |
Ascension St John Hospital St Louis, MO | $469,518,860 | $965,978,781 |
Advocate North Side Health Network Downers Grove, IL | $946,824,836 | $901,672,521 |
The Carle Foundation Hospital Urbana, IL | $465,988,906 | $1,085,020,210 |
Ssm Healthcare Of Oklahoma Inc St Louis, MO | $640,999,933 | $906,998,301 |
Saint Joseph Health System Inc Lexington, KY | $961,743,109 | $864,115,504 |
Uofl Health-Louisville Inc Louisville, KY | $577,142,236 | $950,019,808 |
Ascension Providence Hospital St Louis, MO | $465,661,519 | $850,694,127 |
Truman Medical Center Incorporated Kansas City, MO | $489,587,316 | $736,606,337 |